United Microelectronics Target of Unusually High Options Trading (NYSE:UMC)

United Microelectronics Co. (NYSE:UMCGet Rating) saw some unusual options trading activity on Friday. Traders acquired 36,988 call options on the stock. This is an increase of 618% compared to the typical volume of 5,150 call options.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Daiwa Capital Markets raised shares of United Microelectronics from a “hold” rating to an “outperform” rating in a research note on Wednesday, September 14th. StockNews.com upgraded shares of United Microelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Microelectronics has a consensus rating of “Hold”.

United Microelectronics Stock Performance

Shares of NYSE UMC opened at $7.49 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.19 and a debt-to-equity ratio of 0.15. United Microelectronics has a 12 month low of $5.36 and a 12 month high of $12.68. The company has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $6.97. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 6.46 and a beta of 1.12.

Hedge Funds Weigh In On United Microelectronics

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of United Microelectronics by 13.0% in the first quarter. Envestnet Asset Management Inc. now owns 323,215 shares of the semiconductor company’s stock valued at $2,948,000 after purchasing an additional 37,221 shares during the period. Crescent Grove Advisors LLC purchased a new position in United Microelectronics in the first quarter valued at approximately $101,000. Advisor Group Holdings Inc. grew its position in shares of United Microelectronics by 1.9% during the first quarter. Advisor Group Holdings Inc. now owns 266,951 shares of the semiconductor company’s stock worth $2,434,000 after acquiring an additional 5,067 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of United Microelectronics by 2,089.6% during the first quarter. Fisher Asset Management LLC now owns 2,958,083 shares of the semiconductor company’s stock worth $26,978,000 after acquiring an additional 2,822,983 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in United Microelectronics by 21.9% in the 1st quarter. Aigen Investment Management LP now owns 46,566 shares of the semiconductor company’s stock valued at $425,000 after buying an additional 8,373 shares during the last quarter. 5.23% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Company Profile

(Get Rating)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.

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